The global polymer modified bitumen market size was USD 11.35 billion in 2020.s The market is estimated to grow from USD 11.77 billion in 2021 to USD 16.26 billion in 2028 at a CAGR of 4.7% during the 2021-2028 period. According to our research experts, the market is projected to perceive widespread growth owing to the rising demand from the construction sector. Moreover, market growth is determined by factors such as strengthening bitumen with polymers augment properties such as cohesiveness, forte, resistance to distortion as well as fatigue. This vital piece of information is published by Fortune Business Insights™, in its report, titled, “Polymer Modified Bitumen Market, 2021-2028.”
Report Coverage
The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur market growth for monetary gains. It also shares tangible insights which guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for polymer-modified bitumen in the upcoming future.
Segmentation
Based on application, the global market is divided into road construction, roofing, and others. The road construction segment constituted the principal market share. Rising acceptance of polymer-modified bitumen in the construction sector is estimated to drive the segment growth. In terms of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Information Source-
https://www.fortunebusinessinsights.com/polymer-modified-bitumen-market-106317
List of Key Players Covered in this Polymer Modified Bitumen Market Report
- Total Oil India Pvt. Ltd. (Mumbai, India)
- Gazprom NEFT (Moscow, Russia)
- Sika AG (Baar, Switzerland)
- Royal Dutch Shell PLC (The Hauge, Netherlands)
- Benzene International Pte Ltd (Singapore)
- Lagan Asphalt Group (Dublin, Ireland)
- Exxon Mobil (Texas, U.S.)
Regional Insights
The market size in North America was worth USD 4.21 billion in 2020. North America held the largest polymer modified bitumen market share in 2020 and is projected to preserve its position by the end of the forecast period.
Asia Pacific is one of the speedily developing regions. Surging urbanization and industrialization is nurturing reasonable and sectoral growth.
Europe is estimated to display substantial growth owing to the surging demand from the construction sector. Upsurge inflexible income is navigating consumers towards significant expenditure on the interior and exterior of housing spaces.
The research report includes specific segments by region (country), by manufacturers, by Type and by Application.
Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/67080/global-polymer-modified-bitumen-emulsion-2021-613Segment by Type:SBS Modified BitumenPlastomer Modified BitumenCrumb Rubber Modified BitumenOthersSegment by Application:Road Construction & PavingRoofingOthersBy Company:TotalShellSKExxon MobilTIPCO ASPHALTColasNynasGazprom Neft PJSCLagan Asphalt GroupBaolirusGuochuang Hi-techXi'an Guolin IndustryProduction by Region:North AmericaEuropeChinaJapanConsumption by Region:North AmericaUnited StatesCanadaMexicoEuropeGermanyFranceUKItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaBrazilMiddle East & AfricaTurkeyGCC CountriesEgyptSouth AfricaGet the Complete Report & TOC @ https://www.24chemicalresearch.com/reports/67080/global-polymer-modified-bitumen-emulsion-2021-613CONTACT US:North Main Road Koregaon Park, Pune, India - 411001.International: +1(646)-781-7170Asia: +91 9169162030Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24chemicalresearch/
The Global Polymer Modified Bitumen Market research report offers accurate insights for the growth prospects of the Polymer Modified Bitumen market in the forecast years 2020-2027.
The report is an all-inclusive study of the Polymer Modified Bitumen market that offers the readers a better view of the current and emerging market trends through a thorough analysis of the market size, growth trends, supply and demand ratio, market share, sales network and distribution channels, and other key elements.Furthermore, the report is furnished with the current market scenario with regards to the COVID-19 pandemic.
The global public health emergency has disrupted the lives of everyone across the globe.
It has also had a substantial impact on the Polymer Modified Bitumen industry as global supply chains have been disrupted, and the financial scenario is tight.
The report assesses the initial and future impact of the pandemic on the market and its key segments to offer an accurate futuristic outlook for remuneration in a post-COVID-19 scenario.Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/224Scope of the Market Report:The report offers a holistic overview of the Polymer Modified Bitumen industry that offers all the essential information.
The report is formulated by extensive primary and secondary research and backed by the verified data from industry experts and professionals.
The global polymer modified bitumen (PMB) market size was valued at USD 8.88 billion in 2017.
However, low aging resistance and poor storage stability are some of the factors that can hamper the global polymer modified bitumen (PMB) market growth.Click to Continue Reading on https://www.adroitmarketresearch.com/industry-reports/polymer-modified-bitumen-pmb-marketOne of the recent trends in the global polymer modified bitumen (PMB) market is the emergence of bio-based bitumen.
The advantages of PMB include greater resistance to heavy traffic loads, enhanced safety, increased skid resistance and a higher level of comfort for both pedestrians and drivers.
The upgrading of existing highways, widening of existing roads and construction of new highways in the region is expected to propel the polymer modified bitumen market size growth in the region.
According to the India Brand Equity Foundation (IBEF), the government of India has set a target to construct 200,000 km national highways by 2022.
Companies including Total S.A., Nynas AB, Royal Dutch Shell, ExxonMobil, Indian Oil Corporation, Lagan Asphalt Group, GULF PETROCHEM, BITUMINA GROUP, Hindustan Colas Private Limited, and Benzene International Pte Ltd. among others have a broader presence within the global polymer modified bitumen industry.
The Polymer Modified Bitumen Market Research Report Forecast is a valuable source of insightful data for business strategists.
It provides the industry overview with recent trends, size, share, growth analysis, historical, futuristic data, revenue, demand and strategic development.The broad polymer modified bitumen market has been sub-grouped into product and application.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Global Polymer Modified Bitumen Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/polymer-modified-bitumen-market/download-sampleBy ProductThermoplastic ElastomerPlastomersBy ApplicationRoad ConstructionRoofingOthersThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the polymer modified bitumen market include Benzene International Pte Ltd, ExxonMobil, Gazprom NEFT, Lagan Asphalt Group, Nynas AB, Royal Dutch Shell PLC, Sika AG.
